With one of the highest local populations in Latin America, Mexico is spearheading positive, consistent economic performance, growth and development in the region. Booming and emerging sectors provide a wealth of opportunities for businesses and investors. Additionally, Mexico’s geographic proximity and key trade deals with major regional partners give businesses in the country expansive reach into both North and South America.
The Mexican General Law of Corporations outlines the general legal compliance requirements that all companies must adhere to. This includes the obligation of all resident companies to keep regular, accurate records of the company shareholders’ contact information, amount of time in each shareholder meeting, and any changes in the share capital.
A local registered address is required for companies residing in Mexico, and all companies listed publicly must file financial reports with the Mexican Securities and National Banking Commission. Companies must distribute up to 10% of the annual income with their employees, according to local employment laws.
Make sure you understand your obligations when operating commercially in Mexico. There are several key corporate compliance regulations to investigate to make sure your business stays above board, such as including taxation and accounting, social security, and corporate and labor laws. Check out our short presentation below to understand the different responsibilities you have as a business owner in this country. If you’re unsure about how and where to start, get in touch with our team in Mexico today for personalized assistance and advice.
Learn more about our legal and accounting experts, and the corporate secretarial services and compliance support we provide.
For more information about our legal and corporate compliance services in Mexico, please get in contact with our local team.
Learn more about our accounting and legal experts, and legal and the corporate compliance support we can provide.